NTPC keen to get outside PPA comfort zone

NTPC Ltd, India’s largest power generator, will explore setting up new generation capacity without signing long-term power purchase agreements (PPAs).

The move comes at a time when merchant trading in power has increased and state government utilities struggle to pay power bills that they are locked into.

“Till now, all of NTPC’s capacity is tied up with long-term PPAs,” Gurdeep Singh, chairman and managing director, NTPC, said at a press conference. NTPC has installed power capacity of 55,000MW.